A Tale of Two Housing Markets: Prices Fall in the West While the East Booms
In an unusual pattern, the 12 major housing markets west of Texas, plus Austin, saw home prices fall in January, while the opposite happened in the rest of the country The United States is a country of two housing markets. In one, home prices are falling from a year ago. In the other, they’re still…
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<strong>Condo Insurance Crisis in South Florida</strong>
At Jade Winds, a condominium complex of over 900 units, some owners, including retirees, have had to pick up part-time jobs to pay for their skyrocketing homeowners’ association fees. The property, made up of nine condo buildings, four pools, some ponds and one long-shuttered community tower outside of North Miami Beach, is one of many…
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Housing Market Shows Signs of Thawing
A decline in mortgage rates has more people interested in buying homes Falling mortgage rates are beginning to stir demand in the housing market. The average 30-year home loan rate has come down by just about a full percentage point from a 20-year high above 7% in November, largely in response to signs that the…
